Canada's Just Energy said on Tuesday it had applied to voluntarily delist its shares from the Toronto Stock Exchange after the electricity and gas provider filed for bankruptcy last week.
Full Answer
Is Just Energy Group (je) a good value stock to buy?
In the past three months, Just Energy Group insiders have not sold or bought any company stock. Only 16.42% of the stock of Just Energy Group is held by institutions. The P/E ratio of Just Energy Group is -0.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Is Just Energy Group Inc going out of business?
Electricity and gas provider Just Energy Group Inc said on Tuesday it was restructuring under the Companies' Creditors Arrangement Act in Canada and plans to file for Chapter 15 bankruptcy in the United States after a hit from the Texas deep freeze last month.
Will just energy be delisted from the Toronto Stock Exchange?
Canada's Just Energy said on Tuesday it had applied to voluntarily delist its shares from the Toronto Stock Exchange after the electricity and gas provider filed for bankruptcy last week.
What happened to just energy's savings claim?
In response to criticism, Just Energy's CEO Ken Hartwick said in an interview with Report on Business magazine in 2013 that Just Energy dropped the savings claim years ago. Hartwick claims the company has taken steps to ensure that consumers know that they are purchasing what equates to an insurance product.
Is Just Energy a good stock to buy?
The 1 analysts offering 12-month price forecasts for Just Energy Group Inc have a median target of 1.38, with a high estimate of 1.38 and a low estimate of 1.38. The median estimate represents a +542.93% increase from the last price of 0.22.
Will Just Energy Survive?
Bankrupt companies are always super risky to invest in, and usually the odds are stacked against them. But since this is an Energy company and since interest rates are historically low, that sweet point makes Just Energy just very lucky. We think there's a 68% chance Just Energy's stock will go up in 2022 and beyond.
What happened to Just Energy Group Inc?
Just Energy Group Inc (TSX:JE)(NYSE:JE) saw its share price get cut in half last week after the company announced that it was restructuring and it has received creditor protection in the U.S. under chapter 15 bankruptcy laws.
Does Just Energy pay a dividend?
Does Just Energy pay dividends? As of August 14, 2019, Just Energy Group's Board of Directors suspended payment of its common share dividend.
Is just energy in trouble?
March 2021, Just Energy is being investigated into possible securities fraud. NYSE Regulation had proceeded to delist its shares from the NYSE as Just Energy is proceeding to go under Chapter 15 of the Bankruptcy Code in the US.
Is just energy still in business?
Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass.
How do I buy just energy stock?
How to buy shares in Just Energy GroupCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is just energy a real company?
Just Energy is an electric and natural gas provider that serves residential and commercial customers. The company specializes in energy efficiency solutions. Just Energy has a limited service area — in the U.S., it offers services in: California.
Is enmax the same as just energy?
ENMAX vs Just Energy: Compare electricity offers ENMAX's EasyMax product includes both a fixed (7.79 ¢/kWh) electricity rate and a floating rate option, while Just Energy's offers for electricity are only fixed rates.
How do you declare dividends on journal entries?
Cash dividends are paid out of the company's retained earnings, so the journal entry would be a debit to retained earnings and a credit to dividend payable.
How were Just Energy Group's earnings last quarter?
Just Energy Group Inc. (NYSE:JE) announced its earnings results on Monday, November, 16th. The utilities provider reported ($0.86) earnings per sha...
Is Just Energy Group a good dividend stock?
Just Energy Group(NYSE:JE) pays an annual dividend of $417.78 per share and currently has a dividend yield of 23,873.02%. JE has a dividend yield h...
Who are Just Energy Group's key executives?
Just Energy Group's management team includes the following people: Robert Scott Gahn , President, Chief Executive Officer & Director Scott L. For...
What is Patrick McCullough's approval rating as Just Energy Group's CEO?
90 employees have rated Just Energy Group CEO Patrick McCullough on Glassdoor.com . Patrick McCullough has an approval rating of 61% among Just En...
Who are some of Just Energy Group's key competitors?
Some companies that are related to Just Energy Group include Cheniere Energy (LNG) , Cheniere Energy (LNG) , Engie (ENGIY) , Cheniere Energy Pa...
What other stocks do shareholders of Just Energy Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Just Energy Group investors own include Energy Transfer (E...
What is Just Energy Group's stock symbol?
Just Energy Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "JE."
What is Just Energy Group's stock price today?
One share of JE stock can currently be purchased for approximately $0.22.
How much money does Just Energy Group make?
Just Energy Group (NYSE:JE) has a market capitalization of $10.58 million and generates $2.08 billion in revenue each year.
UPDATE 1-Just Energy to voluntarily delist shares from TSX
Canada's Just Energy said on Tuesday it had applied to voluntarily delist its shares from the Toronto Stock Exchange after the electricity and gas provider filed for bankruptcy last week.
UPDATE 1-Just Energy files to restructure in Canada after Texas freeze hit
Electricity and gas provider Just Energy Group Inc said on Tuesday it was restructuring under the Companies' Creditors Arrangement Act in Canada and plans to file for Chapter 15 bankruptcy in the United States after a hit from the Texas deep freeze last month.
Just Energy files for creditor protection in Canada after Texas freeze hit
It became the second Texas electricity company to take the step in the face of extraordinary electricity charges during the cold snap. Just Energy said on Tuesday it expects to receive a loan that would enable it to pay the state's grid operator more than $250 million for power.
Just Energy says Texas customers protected from storm-related price surge
The electricity and gas provider, however, said the total energy cost for the month of February may be impacted by higher usage because of the winter storms sweeping across Texas. Electricity prices in the state soared last week as utilities scrambled to meet a surge in heating demand during the historic winter storm.
About Just Energy Group
Just Energy Group, Inc. engages in the provision of electricity and natural gas commodities, energy efficient solutions, and renewable energy options. It operates through the following segments: Consumer Energy, and Commercial Energy. The Consumer Energy segment includes cash and cash equivalents, as well as the long-term debt.
Just Energy Group (NYSE:JE) Frequently Asked Questions
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Just Energy Group in the last twelve months. There are currently 2 sell ratings for the stock.
The electricity retailer is going to take a big hit, and may not recover, from the Texas power grid breakdown
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Shares of Canadian electricity and natural gas retailer Just Energy Group ( OTC:JE) are continuing to be impacted by the severe winter storm in Texas and related power grid breakdown. As of 11:25 a.m. EST, shares of Just Energy were down 30% compared to Friday's close.
So what
Last week, the company said it would delay filing its financial statements due to unknown impacts from the Texas weather event. Just Energy services 10 U.S. states including Texas. The company said in a statement last week that the Texas situation "may result in a positive or negative financial impact to the company, which could be substantial."
Now what
Just Energy now says it won't be able to file its financial statements and executive reporting documents until Feb. 26. It said it can't determine the financial impacts at this time due to problems obtaining "accurate information regarding customers' usage from the applicable utilities."
What happened
Two months ago, shares of Just Energy (NYSE: JE) were just jumping out of the box, soaring on news of a "strategic review" that got investors hoping that a sale of the company was in progress.
So what
So what did Just Energy have to say in its earnings report last night?
Now what
And then there's the worst news of all: "As part of the strategic review the Board of Directors has decided to suspend its common share dividend until further notice."
What happened
Shares of Canadian electricity and natural gas retailer Just Energy Group (NYSE: JE) are continuing to be impacted by the severe winter storm in Texas and related power grid breakdown. As of 11:25 a.m. EST, shares of Just Energy were down 30% compared to Friday's close.
So what
Last week, the company said it would delay filing its financial statements due to unknown impacts from the Texas weather event. Just Energy services 10 U.S. states including Texas. The company said in a statement last week that the Texas situation "may result in a positive or negative financial impact to the company, which could be substantial."
When did Just Energy start trading?
The company was listed and began trading on the New York Stock Exchange on January 30, 2012 (NYSE:JE) and celebrated its 20-year anniversary in the energy industry in May 2017. Just Energy entered the United Kingdom commercial energy market in July 2012 under its Hudson Energy UK brand. In October 2013, the company expanded into ...
When did Just Energy Income Fund rebrand?
In 2009, the company undertook a rebranding campaign from Energy Savings Income Fund and U.S. Energy Savings, Ontario Energy Savings, Alberta Energy Savings to Just Energy Income Fund across all of its Canadian and U.S. markets. The company incorporated in 2011 and was renamed Just Energy Group.
How much did Just Energy pay for door to door water heater?
has agreed to pay $7 million in penalties, restitution and other costs related to complaints over its door-to-door water heater marketing practices in Ontario and Quebec.
What is just energy?
(formerly Just Energy Income Fund and before that Energy Savings Income Fund) is a Canadian-based natural gas and electricity retailer operating in Canadian and American markets across North America, and in Germany, Ireland and Japan.
When did Momentis acquire Universal Energy?
The company completed the acquisition of Toronto-based direct energy marketer Universal Energy Corporation on July 1, 2009. From that acquisition, Just Energy gained National Home Services.
Where does Just Energy supply gas?
Just Energy supplies natural gas and/or electricity in Alberta, British Columbia, Manitoba, Ontario, Quebec, and Saskatchewan in Canada; California, Delaware, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, and Texas in the United States; and in Germany, Ireland and Japan.
Is Just Energy a publicly traded company?
Just Energy is a publicly traded company (TSX:JE, NYSE:JE) and serves 4.5 million customers collectively under its affiliate companies Just Energy, Hudson Energy, Commerce Energy, Tara Energy, Amigo Energy, Momentis and Hudson Energy Solar. The company was listed and began trading on the New York Stock Exchange on January 30, 2012 (NYSE:JE) and celebrated its 20-year anniversary in the energy industry in May 2017.
